Banks hand over docs to Congress, NY investigators in Trump inquiries

Major Wall Street banks have reportedly provided congressional committees documents related to Russians who may have dealt with President Donald Trump or his business, while some banks have also provided documents related to the Trump Organization to New York state investigators, according to The Wall Street Journal.

The publication reported Thursday that Wall Street firms including Bank of America, Citigroup, Deutsche Bank, JPMorgan Chase, Morgan Stanley and Wells Fargo have recently provided “thousands of financial documents” related to Russians who may have had dealings with Trump, his family or his business. Citing “people familiar with the congressional probes,” the report said Democrats are reviewing the documents, particularly for any evidence of Russian money going into Trump properties.

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Meanwhile, the Deutsche Bank has turned over “emails, loan agreements and other documents” related to the Trump Organization to Attorney General Letitia James’s office, according to the Journal in response to a civil subpoena sent earlier this year. Investors Bancorp. has also provided documents in response to a civil subpoena for information on a 2010 mortgage on Trump Park Avenue, according to the report.

Trump, his three eldest children and his businesses sued to stop banks from turning over records earlier this year, claiming House Democrats were delving into his personal finances for political purposes. The Journal reports that the documents being provided by the banks could give investigators some of the same information Mr. Trump is trying to block.

The Journal notes that congressional and state investigations are seeking different types of information. The congressional subpoenas are seeking a broad range of financial documents from the Trump family, according to the report, while the documents being turned over to the state attorney general’s office involve loans to the Trump Organization.

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